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Anthem Inc. and Humana Inc. have entered a joint venture with hedge fund and private equity administrator SS&C Technologies Holdings to create DomaniRx, a cloud-based pharmacy benefit manager, reports Healthcare Finance. SS&C Technologies holds an 80.2% interest in the joint venture, while Louisville, Ky.-based Humana and Indianapolis-based Anthem each hold a minority interest. DomaniRx is designed to exchange and process data more swiftly than legacy PBM systems.
1. UnitedHealth estimates $1.6 billion loss from Change cyberattack
2. UnitedHealth reports significant data breach; personal health info compromised
3. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
4. Illinois House passes governor’s 'Healthcare Protection Act’
5. UnitedHealth faces scrutiny over size, operations, and cyberattack
6. Analyst says Cigna, Humana share prices could put merger back on the table